April 15, 2013
Sachs on the Crisis, the Recovery, and the Future
Russell Roberts
Affiliated Senior Scholar
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To speak with a scholar or learn more on this topic, visit our contact page.Jeffrey Sachs of Columbia University and author of The Price of Civilization talks with EconTalk host Russ Robertsabout the state of the American economy. Sachs sees the current malaise as a chronic problem rather than a short-term challenge caused by the business cycle. He lists a whole host of issues he thinks policymakers need to deal with including the environment, inequality, and infrastructure. He disagrees with the Keynesian prescriptions for stimulating the economy and believes that the federal government budget deficits are a serious problem. The conversation closes with a discussion of the state of economics.
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